Remove Branding Remove Comparison Remove Operations Remove Retail
article thumbnail

Designer Brands Reports 44.7 Pct Drop In Net Sales Amid Pandemic

PYMNTS

Designer Brands Inc. The company operates almost 1,000 retail stores under names like DSW Designer Shoe Warehouse and The Shoe Company. percent for the first quarter of 2020, in comparison to a 3 percent rise in the same quarter of fiscal 2019, according to an announcement. In separate news, retailer Express Inc.

Branding 141
article thumbnail

Innovation-Seeking Big Brands Pop Up In Small Spaces

PYMNTS

Brands might want a space to test new concepts with shoppers in brick-and-mortar retail environments, but they don’t always want the time and expense involved in building out a permanent store. By comparison, its mainline spaces average 181,100 square feet in size. Brands are also rolling out their own pop-up shops.

Branding 143
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Retail Lease Defaults Have Ripple Effect

PYMNTS

As it does during the first week of every month of the pandemic, attention turns to retail leases. This week found that one of the crisis’ most troubled retailers — Nordstrom — will only pay half of its rent for the balance of 2020. Retail Properties of America, Inc. percent of Q2 2020 rent as of the end of June.

Retail 150
article thumbnail

Gap Brand CEO Stepping Down

PYMNTS

Gap Brand announced that its CEO Jeff Kirwan was leaving the company, just as the retailer gets ready to reveal its fourth-quarter results. Kirwan had been in charge of the Gap brand since December 2014. s head of Global Talent and Sustainability, will oversee the brand until a permanent replacement is found.

Branding 100
article thumbnail

Bangladesh Clothing Suppliers Lost $3.7 Billion From Pandemic

PYMNTS

The pandemic hit Bangladeshi clothing suppliers and the country's overall economy hard when British fashion retailers had to shut down, a report from The Times said. That number came from 1,931 global fashion brands nixing their orders. Many of the retailers had just then taken their spring and summer collection deliveries.

article thumbnail

Get Ready For More Voice In Retail — And Soon

PYMNTS

It’s going to be a very vocal year when it comes to retail. By comparison, ownership of smart TVs has increased just 5 percent, and ownership of connected cars has increased 3 percent since 2018. Houndify is one-of-a-kind in that it is the only platform that allows brands to remain in complete control of their data and their brand.”.

Retail 154
article thumbnail

Why Walmart’s eCommerce Expansion Is Facing Resistance From Premium Brands

PYMNTS

To bring higher-end products to its website, Walmart had courted brands like water-filtration company Katadyn for months. As part of its efforts, the retailer gave some brands the opportunity to determine how outside sellers on the its website price and display their products. These brands are objecting because of pricing.

Branding 101